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Cemex Looks Solid

Trends are favoring the Mexican building-materials and cement giant.

February 19, 2014

Cemex (CX: Nasdaq) By Sterne, Agee & Leach ($13.25, Feb. 19, 2014)

We are upgrading Cemex to a Buy from Neutral and initiating a price target of $16, given slightly higher earnings before interest, taxes, depreciation and amortization estimates for 2015 and 2016, a new 2017 estimate that falls in line with the company's "mid-term" guidance, continued optimism about the U.S., renewed confidence in Mexico, and less...